SC Bar Practice Questions - South Carolina Bar Examination Exam

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A South Carolina testator's will gives a specific gift of '100 shares of XYZ stock' to a beneficiary, but the testator sold all the XYZ stock before death. Under the doctrine of ademption by extinction, the beneficiary:

Receives the cash value of the shares from the residuary estate Takes nothing as to that specific gift, because the specifically devised property is no longer in the estate Receives substitute shares of a different company May void the entire will

Correct Answer:

Takes nothing as to that specific gift, because the specifically devised property is no longer in the estate

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